What does a value stream map represent?

A value stream map is primarily a visual tool used in Lean management to illustrate the flow of materials and information through the various stages of a process, from the beginning to the end result. This mapping focuses on identifying areas of waste, inefficiencies, and opportunities for improvement within the process. By providing a pictorial representation of processes, it allows teams to see both the value-added and non-value-added steps, helping to streamline operations more effectively.

While other answers may represent aspects of process management, they do not capture the essence of what a value stream map aims to achieve. A financial overview focuses specifically on costs rather than the actual flow of processes. A detailed description of each process step may provide information, but it lacks the holistic view and visual representation that a value stream map offers. A timeline of the overall project pertains to scheduling and deadlines rather than the processes involved in delivering a final product or service.